Celestica (NYSE:CLS) Rating Lowered to “Hold” at TD Securities

TD Securities cut shares of Celestica (NYSE:CLS) (TSE:CLS) from a buy rating to a hold rating in a research note published on Friday, MarketBeat reports. TD Securities currently has $238.00 price objective on the technology company’s stock, up from their prior price objective of $130.00.

Several other brokerages also recently commented on CLS. Citigroup boosted their target price on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group restated a “neutral” rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Barclays upped their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, CICC Research assumed coverage on Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Celestica Stock Down 6.7%

NYSE CLS opened at $234.08 on Friday. The business has a fifty day moving average price of $219.11 and a two-hundred day moving average price of $151.80. The stock has a market capitalization of $26.93 billion, a PE ratio of 50.67 and a beta of 1.88. Celestica has a fifty-two week low of $52.25 and a fifty-two week high of $261.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. Celestica’s revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities analysts expect that Celestica will post 4.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Celestica in the second quarter valued at $236,069,000. Voya Investment Management LLC grew its position in shares of Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Celestica in the first quarter valued at about $96,936,000. SRS Investment Management LLC bought a new position in shares of Celestica during the second quarter worth about $135,289,000. Finally, Alliancebernstein L.P. raised its position in shares of Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after acquiring an additional 587,145 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.